ADNOC Distribution has strengthened its global expansion by entering into a partnership with Total Energies.
ADNOC had signed an agreement with "Total Energy Marketing Afrique S.A.S." to acquire a 50 percent stake in Total Energy Marketing Egypt, with a value of approximately $186 million, in addition to an additional amount of up to $17.3 million, if certain conditions are met during the acquisition process.
The fortune of billionaire Nassef Sawiris rose by $1.5 billion to become $7.9 billion over the past few months.
U.S. oil production and exports hit all-time highs last week, the Energy Information Administration said on Thursday.
Credit Suisse, Deutsche Bank and Barclays were reported to have low chances to win new deals in Abu Dhabi, Financial Times said
UAE's state-owned energy giant Abu Dhabi National Oil Co (Adnoc) said on Monday that it would split its ADMA-OPCO offshore oil concession.
Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion
Abu Dhabi National Oil Company (Adnoc) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering
Abu Dhabi National Oil Company (ADNOC) is looking to float some of its services businesses and enter tie-ups.
Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates.